New Braunfels Herald Zeitung (Newspaper) - June 8, 2007, New Braunfels, Texas
FRIDAY, JUNE 8,2007
See something being built or changed. Call 625-9144 x227.
YOUR SAY I SENATE FIGHT
City's rules continue to draw criticism from local residents, river users. Page 4A
The bipartisan compromise immigration plan draws opposition from Republicans and Democrats. Page 5A
Serving New Braunfels and Comal County since 1852.
Vol. 154, No. 179 16 pages, 2 sections
Details .... 1B
THURSDAY'S S.A. Spurs .................85
GAME 1 SCORE Cleveland Cavaliers 76
A crane hoists a giant “Go Spurs Go" flag in a vacant field at the corner of Business 35 and North Mesquite AvenueThursday afternoon ahead of Game 1 of the NBA finals where the Spurs faced the Cleveland Cavaliers. See Game story on page 6A.
Mortgage rates at 10-month high
By Martin Crutsinger
AP Economics Writer
WASHINGTON — Rates on 30-year mortgages rose for a fourth straight week, hitting the highest level in IO months, as bond markets responded to strong employment growth.
Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.53 percent this week. That
was up sharply from 6.42 MORTGAGE RATES percent last week and 30-year: 6.53% +0.11 represented the highest i5_year
point for 30-year mort- _
gages since they averaged 6.55 percent on 1'Year:
Analysts attributed the increase to recent signs of economic strength outside of the slumping housing market including last week’s report that the economy created 157,000 jobs in May, nearly double the April pace.
“Mortgage rates climbed this week owing to market concerns of a tight labor force and wage growth,” said Frank Nothaft, Freddie Mac’s chief economist.
He said that bond markets have also grown concerned about renewed inflation pressures, reflected in a report this week that unit labor costs rose at a 1.8 percent annual rate in the first three months of this year, double the government’s initial estimate.
Financial markets were also disappointed this week by comments from Federal Reserve Chairman Ben Bernanke, who repeated his view that inflation still represented a bigger threat to the economy than weak growth. The comments were seen as farther diminishing the chances for a Fed rate cut any time soon.
All mortgage rates tracked by Freddie Mac showed increases this week.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, rose to 6.22 percent, up from 6.12 percent last week.
Five-year adjustable-rate mortgages averaged 6.24 percent, up from 6.19 percent.
One-year adjustable mortgages rose to 5.65 percent, up from 5.57 percent last week.
A year ago, rates on 30-year mortgages stood at 6.62 percent, 15-year mortgages were at 6.23 percent.
6.22% +0.1 6.24% +0.05 5.65% +0.08
Source: Freddie Mac
70 Edwards aquifer stakeholders meet
RIP steering committee must be in place by September
By David Saleh Rauf
SAN MARCOS—In the waning moments of the tumultuous 80th Texas legislative session, lawmakers passed an omnibus water bill with vast implications for the 1.7 million people in South Central Texas who depend on the Edwards Aquifer.
Senate Bill 3 was amended 118 times before both chambers signed off on a compromised committee substitute version that
Music of summer
New Braunfels residents lounge in their lawn chairs around the Landa Park Dance Slab Thursday evening to listen to Jay Erie and Blieder's Creek (below) open the 23rd annual Concerts in the Park series with contemporary and original country music. The concert series will continue each Thursday evening through the summer. Next week is Plan B with their brand of Southern rock and blues.
is still awaiting Gov. Rick Perry’s signature.
The reason for much of the debate: San Antonio lawmakers say pumping more water from the Edwards aquifer is needed to serve constituents along the Guadalupe River.
The result: language was added into SB 3 that would give the Edwards Aquifer Authority the go-ahead to increase pumping nearly 25 percent, from its current cap of450,000 acre-feet per year to 572,000 acre-feet per year.
On Thursday, about 70 aquifer stakeholders met in San Marcos to start a dialogue process intended to eventually bring a consensus on the best science for managing water levels of the aquifer.
Photos by MONTY MARION/Herald-Zeitung
“Most of the discussion has been to figure out how to roll in what the legislature has established without disenfranchising a number of people.”
— Todd Votteler
executive manager of intergovernmental policy, Guadalupe-Bianco River Authority
The group—comprised of about 50 different water entities with a stake in tile aquifer — is part of the recovery implementation
See AQUIFER, Page 3A
Landa golf upgrades could cost $4 million
By Laura Blewitt
The Landa Park Municipal Golf Course could be in for drastic changes, provided that patrons are willing to wait and up to $4 million dollars can be scraped together.
As well as redesigning parts of the course, one plan being considered includes building a walking trail that would circle the course’s perimeter. Available trail funds from the city could help pay for this change, allowing developers to stretch city money, said Architect Baxter Spann of Finger Dye Spann Inc. Walkers would be safe because the trail would be placed in spaces far from danger and only a small percentage of the trail would combine
See LANDA, Page 8A
Putin wants antimissile system in ex-Soviet Republic
Pre-engineering classes open to high schoolers
By Terence Hunt
AP White House Correspondent
ROSTOCK, Germany — Vladimir Putin, bitterly opposed to a U.S. missile shield in Europe, presented President Bush with a surprise counterproposal Thursday built around a Soviet-era radar system in Azerbaijan rather than new defenses in Poland and the Czech Republic. Bush said it was an interesting suggestion and promised to consider it.
Putin’s formula would force a major rethinking of U.S. plans for defending Europe against attack from hostile regimes such as Iran or North Korea. While outright accept
ance of Putin’s idea appeared doubtful, the White House seemed eager to avoid further inflaming tensions by giving it short shrift.
The Russian president said he would abandon his threat to retarget missiles on Europe — if Bush accepted the Kremlin’s missile-defense proposal.
“This is a serious issue and we want to make sure that we all understand each other’s positions very clearly,” Bush said after an hour-long meeting with Putin. Speaking through a translator, Putin said he was “satisfied with the spirit of openness” from Bush.
With U.S.-Russian relations at a post-Cold War low, the
See PUTIN, Page 8A
4B board considering C1TC progam funding
By David Saleh Rauf
High school juniors from four area school districts now will have the opportunity to earn col-lege credit and jump start a future career in engineering or manufacturing while Finishing high school.
Starting this fall, the Central Texas Technology Center — located at the New Braunfels Municipal Airport — will offer pre-engineering classes as part of the new Manufacturing and Technology Academy.
The program, available to high school juniors from Comal, New Braunfels, Seguin and Navarro school districts, is designed to provide education, experience and job opportunities for students interested in pre-engineer
ing or manufacturing. Similar programs have been offered to high school students in San Antonio but not in the New Braunfels area.
During the program, students will work first hand with instructors from St. Phillips College in San Antonio and will use professional equipment — provided by Alamo Community College District — in a classroom setting at CTTC. There curriculum will comprise a variety of high school classes and six college-level courses. Students who complete the program also will receive certification in different fields and will have the opportunity to earn 24 to 27 college credits at the end of the two-year program. The college credits can then be applied to a bachelor’s degree, said Becky Walker, Comal ISD director of career and technical education.
“The students that are wanting to go the pre-engineer route,
See CLASSES, Page 8A
iThe Uptown is a Qreat Place for Entertainment Sn^TmsS _or Just a Nice Evening Out_
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